Can Indians trade on binary options?

Can Indians trade on binary options?

Unlike many other countries, binary trading is illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is not legal in India.

Which binary option is the best to trade?

This is our top pick for the best binary options trading brokers:

  • BinaryCent. Best Overall.
  • Nadex. The Most Regulated Platform.
  • IQ Option. Best Premium Service.
  • RaceOption. Biggest Variety of Funding Options.
  • The Only Broker that Provides Multiple Trading Platforms.

Which option trading is best in India?

Ranking for Best Broker for Options Trading in India :

Rank Broker Name Options Broker Ratings
1 Zerodha 9.85/10
2 Upstox 9.47/10
3 Angel Broking 9.02/10
4 5Paisa 8.95/10

Who became rich by Olymp trade?

Sai Reddy is now officially one of the richest 19-year olds in the Pune and the entire India, for that matter. The Pune native was playing on his smartphone last week when he discovered a popular new app called Olymp Trade.

What is the punishment for binary trading in India?

Punishment of Illegal Forex Trading in India Imprisonment (u/s 13 (1C)) – the forex trader found guilty can be punishable with imprisonment for up to 5 years and with a fine that we’ll discuss in the next point.

How do you win binary options every time?

Validate winning percentages, and do a complete due-diligence review before you make a decision. Also be wary of a broker that offers to trade on your behalf. They are trying to entice you to increase your deposit and then enter a losing trade thereafter. Binary option brokers only make money if you lose it.

Which option strategy is the safest?

Covered calls are the safest options strategy. These allow you to sell a call and buy the underlying stock to reduce risks.

Which app is best for option trading?

Here is a list of the top apps that can ease your hustle of options trading.

  • Sensibull.
  • Zerodha KITE.
  • 5paisa Mobile Ap.
  • Angel Broking Mobile App.
  • MO Trader.